NEW YORK (TheStreet) -- Nordstrom (JWN) reported second quarter earnings of 95 cents per diluted share on revenue of $3.39 billion.
Analysts were expecting earnings of 94 cents per diluted share on revenue of $3.39 billion.
The retailer also reported a 3.3% increase in comparable sales, beating estimates of a 3.2% increase.
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Shares are down -1.4% to $67.73 in after-hours trading on Thursday.
TheStreet Ratings team rates NORDSTROM INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate NORDSTROM INC (JWN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, solid stock price performance, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: JWN Ratings Report